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Daily News

Consumer Confidence in Tech Spending Improves
Jun 2, 2014
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Consumer confidence toward technology spending was up slightly in May 2014 but sentiment toward the overall economy was down slightly as measured by the Consumer Electronics Association (CEA).

CEA's Index of Consumer Technology Expectations (ICTE), tracking consumer expectations about technology spending, was up 0.5 points to reach 88.2 in May.

“After a difficult first quarter, May’s sentiment suggests consumer appetite for tech is slowly improving,” said Shawn DuBravac, CEA chief economist and senior director of research. “Generally, sentiment on tech spending continues to fall in line with consumer attitudes toward the overall economy this year.”

CEA's Index of Consumer Expectations (ICE), tracking consumer expectations about the economy, was down 0.8 points to 166.7 in May 2014.

“Consumer sentiment about the overall economy changed marginally in May, as the economy continues to regain momentum after negative effects from a bitter winter,” said DuBravac.

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